Today looks to be a fight to stay above $500 for $SPY. Starting to see some consolidation in these areas. If
SPY
can avoid a pit fall for the rest of the day, Calls will be on the menu. Nice simple and quick play. RSI already at 30.
SPY
can avoid a pit fall for the rest of the day, Calls will be on the menu. Nice simple and quick play. RSI already at 30.
Trade active:
I like what im seeing so far. Im game!
$505 C EXP 4/22
$505 C EXP 4/22
Comment:
Held support here for 2 consecutive days which gives me a little confidence that this could have a quick pump. Hoping to get out with some profits tomorrow. I set a high limit order in case I miss a pop up after pre-market.
Comment:
Not sure what the deal was with that market wide outage late last night but it has seem to have triggered a sell off this morning. Just became as super risky play and even broke support. I bought more of my contract to average down and try to recoup some losses. Keeping stop loss tight.
Trade closed: target reached:
Finding out about the Israel bombing which is what triggered the massive dump. Highly advised against holding any short-term trades over the weekend. Volatility will be too crazy to try and trade. Was able to reach target with a only a 10% loss on my trade with the help of those contracts i bought to average down. Keeping my ear to the ground to see what next week will bring with the all the talks about WW3 on the horizon. Good luck!